Spark Creative Lab Inc

Analysis

Spark Creative Lab Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Spark Creative Lab Inc reported income of $140k and spending of $153k, spending 110% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $79k to $140k (+76%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Spark Creative Lab Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within OK. Charities of a similar size with the same main cause include American Society of Civil Engineers ($140k), Capriccio Vocal Ensemble ($140k) and International Association for Cross-Cultural Psychology ($140k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.